Santander launches two year fixed rate savings bonds

From Tuesday, 1 September, Abbey, Alliance & Leicester and Bradford & Bingley Savings are launching a brand new two year fixed rate bond paying a highly competitive 4.20 per cent gross/AER. This fantastic new rate is available on the high street to both new and existing customers with a deposit of between £10,000 up to £2 million.

Reza Attar-Zadeh, Director of Savings and Investments, said: "Fixed rates continue to prove popular as savers look to lock into base rate beating returns. We're pleased to be able to offer this new highly competitive rate available at all of our 1,300 branches countrywide. We continue to remain committed to offering customers savings accounts with competitive rates that enable people to save and plan for their futures. With the backing of Santander, as one of the world's largest banks, savers have peace of mind and confidence when saving with us."

Customers can apply for the fixed rate bonds either by visiting any local branch of Abbey, Alliance & Leicester and Bradford & Bingley, by visiting abbey.com and bradford-bingley.co.uk.

This new fixed rate account is available for a limited time only and be withdrawn without notice, so we would encourage people to open one without delay.